Investment sale · Neighborhood Center

Mountain Vista Plaza

Reems Rd & Bell Rd | SWC

15557, 15569, 15601, 15609 W Bell Rd, Surprise, AZ 85374

Price: $19,435,000
Cap rate: 6.75%
NOI: $1,311,898
Building Size: 64,101 SF
Tenancy: Multi-tenant
Traffic: ±40,200 VPDon Bell Road

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Anchored by Planet Fitness, with over 2,700 fitness club locations and over 19.7 million members, which provides predictable, frequent traffic with an e-commerce resistant draw
Strong performing anchor with this Planet Fitness ranking as a Top 25% location in Arizona according to Placer.ai
Upside for investors through below market rents in both the shops and the anchor leases allowing for mark-to-market growth

All highlights

More below

Danny Gardiner

Senior Managing Director

602-385-1328 dannygardiner@pcaemail.com

Chad Tiedeman

Executive Managing Director

602-288-3472 ctiedeman@pcaemail.com

About this opportunity

Listed by Danny Gardiner and Chad Tiedeman, Phoenix Commercial Advisors.

The site

Site facts for Mountain Vista Plaza
Property type	Retail · Neighborhood Center

Trade area

Trade area demographics near Mountain Vista Plaza
	1 Mile	3 Miles	5 Miles
Population	13,727	100,828	207,255
Households	5,648	41,736	81,390
Average household income	$111,793	$107,176	$112,308

2025 estimates for rings around the property.

Trade-area snapshot

Highlights

Anchored by Planet Fitness, with over 2,700 fitness club locations and over 19.7 million members, which provides predictable, frequent traffic with an e-commerce resistant draw
Strong performing anchor with this Planet Fitness ranking as a Top 25% location in Arizona according to Placer.ai
Upside for investors through below market rents in both the shops and the anchor leases allowing for mark-to-market growth
Recent capital work with a roof recoat and asphalt reseal and stripe in 2024, with the roof coming with a 10-year warranty
Needs-driven tenant lineup delivering essential goods and services perfectly matched to the daily needs of the surrounding community
Strong historic occupancy, lease extensions, and recent lease-up show strength of center and demand of trade area
Located less than 1.5 miles from the Loop 303 Freeway which has spurred new housing and population growth in the Surprise market
Less than 2 miles from the Surprise City Hall facilities and from Surprise Stadium, the No. 1 Spring Training Stadium that plays host to the Texas Rangers & Kansas City Royals
Food away from home spending of nearly $318,000,000 within 5-miles, helping to boost the restaurant sales in the shopping center
Population exceeding 207,000 people within 5 miles and projected to grow by another 1.8% annually
Bell Road is the primary east-west commercial corridor through Surprise with ±40,200 VPD driving by the site
Surprise’s population has surpassed 180,000 and is projected to grow by 40% by the end of the decade, with job growth expected to outpace that, driving continual demand for daily needs retail